FASA

A source told American Shipper that Korea Line’s parent company, Samra Midas Group (SM Group), will create a separate company called SM Lines that will operate the liner business between the Far East and United States.

Hyundai Merchant Marine said Tuesday its consortium with Heung-A Shipping and Sinokor Merchant Marine will give it full access to the two carriers’ intra-Asia networks.

The Floridian port is ready to launch a second round of investment – this time with the goal of increasing capacity and service levels within the container yard.

The U.S. Federal Maritime Commission has received 29 ocean transportation intermediary license applications and changes for review.

Ford Motor Co. canceled plans for an auto plant in Mexico as President-elect Donald Trump made it clear he intends to pursue a strategy of economic nationalism.

BlueWater Reporting illustrated the trade removed 32 vessels and 79,764 TEUs of total deployed capacity between December 2013 and December 2016, while weekly allocated capacity on the trade has been on the rise.

As a result of Russia’s alleged interference in the U.S. presidential election, the White House is imposing sanctions on three Russian companies, expelling 35 Russian diplomats from the U.S., and closing two Russian-operated U.S. facilities.